Month: March 2022

Binance tells regulators it will cease operations in Ontario… for real this time

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Binance confirmed in an undertaking to the Ontario Securities Commission, or OSC, in Canada dated March 16 that the crypto exchange will cease activities involving Ontario residents. Binance will also stop opening new Ontario accounts and provide fee waivers and fee reimbursements to certain Ontario users under the administration of a third party, the company said.  The undertaking appears to mark the end of a disagreement that started in June, when Binance announced that it would no longer service Ontario accounts and customers were advised to close out active positions…

Cardano (ADA) Attains 9th Position in Market Valuation During Ecosystem Inflows

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With a market valuation of $28.68 billion, Cardano (ADA) has claimed the 9th position in cryptocurrency market capitalization, surpassing Avalanche (AVAX). Despite recent inflows into its ecosystem, the coin beat Avalanche’s $22.28 billion to attain the title of 9th largest coin. As the value of Cardano’s ecosystem has skyrocketed, so too have funds flowing into it. From roughly $1.7 million in mid-January to a present-day total value locked (TVL) up at just under $315 million – or a 18420% increase. The Cardano team has entered the third phase of its…

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Bank of Russia Allows Sberbank to Issue Digital Financial Assets – Finance Bitcoin News

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Sberbank, Russia’s largest bank, has been authorized by the country’s monetary policy regulator to issue digital financial assets. The move comes amid tightening Western sanctions over the war in Ukraine, including limiting Moscow’s access to the global financial market. Sberbank Added to Central Bank’s Register of Crypto Asset Issuers The Central Bank of Russia (CBR) has added Sberbank, the country’s leading banking institution, to its register of information system operators permitted to issue digital financial assets (DFAs). The term is used to describe various types of cryptocurrencies in the country’s…

Without Robots, DAOs Will Never Progress Beyond Their Current Level

Ultimately, the goal of a DAO is to function without human hierarchical management. With AI DAOs, a community of human participants would choose AI agents to represent them in the decision-making process, eliminating human bias. The AI agents would then work together autonomously to make the best decisions about creating their own products and services, selling them and transferring the profits to human participants. Source

LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?

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As the crypto market sees some relief over the past week, the price of LUNA trends to the downside. The worst performer in the top 10 by market cap, the Terra native cryptocurrency appears at risk of further downside. Related Reading | What’s Behind LUNA’s Rally, Could Its Price Decouple From Bitcoin? At the time of writing, LUNA trades at $87 with a 17% loss and a 5% loss in the last week and 24-hours, respectively. LUNA with moderate gains on the 4-hour chart. Source: LUNAUSDT Tradingview Data from Material…

Bitcoin rebounds 12% in a week, sell now or hodl? Gareth Soloway's key price levels to watch

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Gareth Soloway, chief market strategist of InTheMoneyStocks.com provides an update on Bitcoin, gold, stocks, and oil with David Lin, anchor for Kitco News, in light of recent developments in Eastern Europe. 0:00 – Bitcoin 10:00 – Monetary policy 14:18 – Stocks 16:50 – Oil 19:32 – Gold 22:47 – When to sell Bitcoin? #Bitcoin #gold #stocks __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with…

Andrew Yang Wants Web 3 to Prove the Haters Wrong

Yang’s dive down the crypto rabbit hole is not exactly surprising. It’s hard to ignore the parallels between Yang’s culty supporters (known as the “Yang Gang”) and the similarly zealous coalition crypto has amassed. Namely, both have appealed to a type of predominantly young, white, male and meme-loving technologist who fantasizes about disrupting legacy institutions – for the former, it’s Washington politics, and for the latter, it’s Wall Street banks. Source